Brazil Goes to Second Round
Brazil’s next leader will be decided on 31 October in the second round of presidential elections. The run-off will be between Lula’s candidate, Dilma Rousseff and José Serra. But, whatever the income, Brazil will continue its highly-successful macroeconomic policies.
Unlike some emerging markets, Brazil enjoys a stable democracy. And like so many things in Brazil, the latest elections were huge. The nearly 136 million voters were not only choosing their next president but 27 state governors, 513 deputies and 54 senators plus countless local representatives. However, despite the big numbers, there is little difference between party programmes, a sign that Brazil’s politicians are keen to continue what the Financial Times (FT) calls Lula’s “powerful mixture of tight monetary policy and generous social spending”.
Despite the polls and most expert opinions (including the FT and The Economist), Dilma failed to take a run-away victory in Sunday’s elections. Many analysts believed that, as Lula’s protégée, she would easily achieve more than half the votes and avoid a second round. However, Dilma has secured almost 47% of votes with her nearest rival, José Serra, coming second with nearly 33%. The biggest surprise came from Marina Silva, the green party candidate, whose 20% share of the vote was totally unexpected. Silva may now hold the key to presidential power.
So, Brazil voters must go to the polls for a second time. Results of the vote due in four weeks time are far from clear, although latest polls point to a Dilma victory.
Much will depend on Silva’s endorsement of Dilma or Serra (both candidates are busy courting the green candidate’s favour), although Dilma continues to enjoy unconditional support from Lula who has almost saintly status in Brazil. In the end, Lula’s statement that “a vote for Dilma is a vote for me” may tip the balance for Dilma in presidential victory. In any case, Dilma claims she’s happy to go for a second round stating that her party is “accustomed to challenges” and “does well in second rounds”. Lula himself is a veteran of second rounds after standing for three elections before he finally won in 2002.
Whatever the outcome at the end of October, the excellent conditions in Brazil for investment are unlikely to change. If anything, they will strengthen as both Dilma and Serra are firmly committed to maintaining Brazil’s current economic course.
Over the last 16 years, Brazil has followed a steady macroeconomic route, which has been upheld by parties from both ends of the political spectrum.
What the latest elections do illustrate is Brazil’s stable democratic system and the willingness from all politicians to maintain Brazil’s strong economic growth. This is excellent news for investment in Brazil, a clear winner in the Brazilian elections.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Unlike some emerging markets, Brazil enjoys a stable democracy. And like so many things in Brazil, the latest elections were huge. The nearly 136 million voters were not only choosing their next president but 27 state governors, 513 deputies and 54 senators plus countless local representatives. However, despite the big numbers, there is little difference between party programmes, a sign that Brazil’s politicians are keen to continue what the Financial Times (FT) calls Lula’s “powerful mixture of tight monetary policy and generous social spending”.
Despite the polls and most expert opinions (including the FT and The Economist), Dilma failed to take a run-away victory in Sunday’s elections. Many analysts believed that, as Lula’s protégée, she would easily achieve more than half the votes and avoid a second round. However, Dilma has secured almost 47% of votes with her nearest rival, José Serra, coming second with nearly 33%. The biggest surprise came from Marina Silva, the green party candidate, whose 20% share of the vote was totally unexpected. Silva may now hold the key to presidential power.
So, Brazil voters must go to the polls for a second time. Results of the vote due in four weeks time are far from clear, although latest polls point to a Dilma victory.
Much will depend on Silva’s endorsement of Dilma or Serra (both candidates are busy courting the green candidate’s favour), although Dilma continues to enjoy unconditional support from Lula who has almost saintly status in Brazil. In the end, Lula’s statement that “a vote for Dilma is a vote for me” may tip the balance for Dilma in presidential victory. In any case, Dilma claims she’s happy to go for a second round stating that her party is “accustomed to challenges” and “does well in second rounds”. Lula himself is a veteran of second rounds after standing for three elections before he finally won in 2002.
Whatever the outcome at the end of October, the excellent conditions in Brazil for investment are unlikely to change. If anything, they will strengthen as both Dilma and Serra are firmly committed to maintaining Brazil’s current economic course.
Over the last 16 years, Brazil has followed a steady macroeconomic route, which has been upheld by parties from both ends of the political spectrum.
What the latest elections do illustrate is Brazil’s stable democratic system and the willingness from all politicians to maintain Brazil’s strong economic growth. This is excellent news for investment in Brazil, a clear winner in the Brazilian elections.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Labels: Brazil, Brazil property investment, Brazilian elections, Brazilian real estate, investment in Brazil
posted by Alison Kane at 3:30 pm
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